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Rs. 22,000 crore as one time grant of PSU OMCs for losses in Domestic LPG
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi on 12 October has approved the proposal of Ministry of Petroleum & Natural Gas to give one time grant amounting to Rs.22,000 crore to three Public Sector Undertaking Oil Marketing Companies (PSU OMCs). The grant will be distributed among Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL).
The approval will help the PSU OMCs to continue their commitment to the Atmanirbhar Bharat Abhiyaan, ensuring unhindered domestic LPG supplies and also supporting the procurement of Make in India products.
Payment of Productivity Linked Bonus equivalent to 78 days to railway employees
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi on 12 October has given its ex-post facto approval for payment of Productivity Linked Bonus to railway employees for the financial year 2021-22.
Payment of PLB to eligible railway employees is made each year before the Dusshera/Puja holidays. This year also, PLB amount equivalent to 78 days wages has been paid to about 11.27 lakh non-gazetted Railway employees. The maximum amount payable per eligible railway employee is Rs. 17,951/- for 78 days. The above amount has been paid to various categories viz. Track maintainers, Drivers & Guards, Station masters, Supervisors, Technician, Technician Helper, controller, Pointsmen, Ministerial staff & other Group ‘C’ staff.
The financial implication of payment of 78 days PLB to railway employees has been estimated to be Rs. 1832.09 crore. The above decision for payment of PLB has been taken despite adverse financial situation caused by post Covid-19 challenges.
New Scheme “Prime Minister’s Development Initiative for North East Region”
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi on 13 October has approved a new Scheme, Prime Minister’s Development Initiative for North East Region (PM-DevINE) for the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26. The new Scheme, PM-DevINE, is a Central Sector Scheme with 100% Central funding and will be implemented by Ministry of Development of North Eastern Region (DoNER).
Development of Multipurpose Cargo Berth Off Tuna Tekra at Gulf of Kutch
The Cabinet Committee on Economic Affairs chaired by Minister Shri Narendra Modi on 13 October approved development of Multipurpose Cargo (other than Container/Liquid) Berth Off Tuna Tekra at Gulf of Kutch at Kandla on Build, Operate and Transfer (BOT) basis under Public Private Partnership (PPP) mode.
The total estimated cost of Rs.2,250.64 crore [The cost of Rs.1719.22 crore will be borne by the Concessionaire for Development of Multipurpose Cargo Berth (including dredging works alongside the berth, turning circles and approach channel, and Rs.531.42 Crore will be borne by the Concessioning Authority (Deendayal Port Authority) towards capital dredging of common user access channel and construction of common user road.